Office

AUSTIN-It's time to court all types of companies: those that are here and those that might be willing to come, says a leading local economist. For too long, the focus on been on dealing with Austin's rapid growth rather than seeking more corporate residents.

AUSTIN-Rising office vacancy has hit the pocketbook of building owners, with rent dipping 42 cents per sf between first quarter and Q2 closings. The average now rests at $27.15 per sf, with the CBD being hardest hit as rates plummet $4.20 per sf.

SAN DIEGO-The dot-com meltdown fluffed up the county's office vacancy in the first six months of the year, according to statistics from CB Richard Ellis.

WASHINGTON, DC-CarrAmerica Urban Development LLC, a subsidiary of CarrAmerica Realty Corp. has been selected to assist in developing a second headquarters for the International Monetary Fund adjacent to its current headquarters.

COSTA MESA, CA-Three of the projects are in Orange County and two are in LA. The deals cover a combined 780,000 sf of space. The others are in LA County, San Diego County and Sacramento.

FAIRFAX, VA-Brookdale Investors Two LP has sold its Greenbriar Corporate Center here for $15 million. Carr Capital led a private investor group to acquire the building, which is located in the Fairfax Center submarket.

EAST HARTFORD, CT-Lend Lease Real Estate Investments has sold the four-building portfolio here to Baker Properties. CB Richard Ellis represented Lend Lease and Baker Properties in the transaction.

BELLEVUE, WA-The locally based Laptop Lane has announced the opening of its newest business center at Seattle-Tacoma International Airport. The new Laptop Lane location in the North Satellite, between gates N8 and N9, is the ninth store the company has added this year.